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Insurance
Advent Claims partners with Principia Underwriting
Advent Claims, the insurtech-led claims third party administrator (TPA) signed an agreement to administer all claims for Aquila Underwriting-backed managing general agent (MGA) Principia Underwriting.   6 November 2017
Insurance
Pioneer launches property E&S operation with new hire
Lloyd’s accredited Pioneer Underwriters has launched a new property excess and surplus (E&S) and hired David Phillips to lead the team based in Alpharetta, Georgia.   6 November 2017
Insurance
Lloyd’s strategy and change director leaves after 12 months
The Lloyd’s of London strategy and change director Paolo Vagnone is leaving the corporation after 12 months in the job.   3 November 2017
Insurance
Arch board member Kewsong Lee resigns
Bermuda-based Arch Capital Group said that Kewsong Lee has resigned from its board of directors because of the expansion of his duties at Carlyle Group following his recent promotion to co-CEO effective January 1, 2018.   3 November 2017
Insurance
AIG $836m Q3 reserve charge puzzles analysts
American International Group (AIG) has taken an $836m pre-tax reserve charge in commercial lines in the third quarter of 2017 that also resulted in the company increasing full-year loss estimates, surprising analysts who thought the casualty issues at the company had been addressed.   3 November 2017
Insurance
Nexus adds deputy chairman in trade credit expansion
Specialty managing general agent (MGA) Nexus Group said that Charles Penruddocke has joined as non-executive deputy chairman of Nexus CIFS and Equinox Global in a Nov. 2 statement.   3 November 2017
Insurance
Lancashire falls to Q3 loss with 213% combined ratio
Specialty re/insurer Lancashire Holdings reported a net loss of $139.0 million for the third quarter compared to a net profit of $40.1 million in the same period a year ago.   2 November 2017
Insurance
Robust capitalisation helps global reinsurers weather the storms
The recent catastrophe losses have changed the market dynamics: rates will increase, benefiting a sector that S&P Global Ratings views as robustly capitalised overall, as David Masters of S&P Global Ratings explains to SIRC Today.   1 November 2017
Insurance
Blenheim Syndicate hires from Munich Re, Tamesis for new reinsurance lines
Blenheim Underwriting Limited (Syndicate 5886) has launched its accident and health and specialty reinsurance divisions as part of its recently approved 2018 business plan, according to a Nov. 1 statement.   1 November 2017
Insurance
JLT joins London Market electronic placing platform
Broker JLT has joined the London Market’s electronic placing platform Placing Platform Limited, according to an Oct. 30 statement.   1 November 2017

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